Australia LNG Market Hits 81M Tons : Ken Research Reveals Asian Demand Driving 8.1% Growth
Australia LNG Market Hits 81M Tons in 2024: Ken Research Finds Asian Demand Powering 8.1% Growth | Ken Research Executive Summary Australia's liquefied natural gas sector stands at a defining inflection point. With production capacity reaching 81 million tons in 2024 and domestic consumption at 8.1 million tons , the country commands roughly one-fifth of global LNG trade. Ken Research finds the market is forecast to expand at a 8.1% CAGR through 2033 , with production capacity rising to 110 million tons and domestic consumption reaching 17.2 million tons by the same year. The primary engine is Asia-Pacific energy demand, with China absorbing 33% , Japan 32% , South Korea 15% , and Taiwan 10% of all Australian LNG exports. LNG export earnings are projected at $65 billion in 2024-25 , underpinned by long-term contractual frameworks that insulate operators from spot price volatility. Western Australia accounts for roughly 57% of national production, anchored by the Gorgon...